Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

A Review Of NextCandle.com’s Top Stock Forecasts From Last Week

|Includes:APWR, ASTI, magicJack VocalTec Communications Ltd. (CALL)

The stock market has been volatile lately in the wake of so much uncertainty about the US and China economies along with the debt crisis in Europe but a quick glance at a few predictions from NextCandle.com's highest probability list shows our stock predictions to be right on the money. On Friday before the market opened, NextCandle.com gave the following stock predictions:

  • magicJack VocalTec (NASDAQ:CALL) had an 89% probability of a lower low.
  • Ascent Solar Technologies (NASDAQ:ASTI) had an 82% probability of a lower low.
  • A-Power Energy Generation Systems (OTC:APWR) had an 88% probability of a lower low.

And the results when the market closed on Friday:

  • magicJack VocalTec (CALL) opened at $16.75, had a daily trading range of $15.84 to $17.17 and closed up 0.48% at $16.89. magicJack VocalTec (CALL), which is a provider of voice-over-Internet-Protocol (VoIP) services, had immediately sank to the $16 level upon opening, proving our stock forecasts correct, but then the stock began to rally strongly by 3 pm. Apparently, options on magicJack VocalTec (CALL) had some of the biggest percentage changes in implied volatility from the previous trading day.
  • Ascent Solar Technologies (ASTI) opened at $0.54, had a daily trading range of $0.53 to $0.57 and closed down 3.73% at $0.539. Ascent Solar Technologies, which is a development stage company formed to commercialize flexible photovoltaic (PV) modules, is still up 38.2% since the start of the year but it's been steadily trending downward since late January plus its down around 93% since 2007.
  • A-Power Energy Generation Systems (OTC:APWR) opened at $0.29, had a daily trading range of $0.27 to $0.29 and closed down 6.90% at $0.270. A-Power Energy Generation Systems (OTC:APWR), which is involved in providing onsite distributed power generation systems and micro power grids for industrial companies, got suspended from NASDAQ last year. The stock is also down over 92% over the past year.

With so much uncertainty impacting the market, there are plenty of opportunities for savvy traders to profit - especially when Next Candle's stock forecasts for magicJack VocalTec (CALL), Quepasa Corporation (QPSA) and A-Power Energy Generation Systems (OTC:APWR) were right on the money.

NOTE: THIS PIECE WAS JUST POSTED ON THE NEXTCANDLE.COM BLOG.

Stocks: CALL, ASTI, APWR